For the first time, Vietnam shares the top 10 outsourcing stage with giants like India and China. Since 2004, A.T. Kearny Consulting began publishing a Global Services Location Index that captures top 50 off-shoring countries in the world. Rankings are based on three basic categories: financial attractiveness, people and skills availability, and business environment. This … [Read more...] about Vietnam Makes the Cut for Top 10 Outsourcing Locations
Development
Vietnam, A Growing Population of Consumers
For years now, I've been hearing that there is a growing middle class in Vietnam. So people are getting richer, but how will this affect Vietnam's economy? Well, when you have more money, you'll spend more, a lot more! A recent study by Vietnam's General Statistics Office shows that Vietnam's retail sales growth outstripped GDP growth from 1997 to 2007. Over ten years, … [Read more...] about Vietnam, A Growing Population of Consumers
European Chamber of Commerce Says Vietnam is Safe for Overseas Investors
President of the European Chamber of Commerce, Alain Cany, affirms that Vietnam remains an important economic partner to Europe. Here are a few examples: European companies currently have 796 investment projects in Vietnam - combined capital of $12 billion. Bilateral trade between the European Union (EU) and Vietnam is worth $76 billion, $50 billion of which are Vietnamese … [Read more...] about European Chamber of Commerce Says Vietnam is Safe for Overseas Investors
Stimulus Package for Vietnam Farmers?
Fresh off the press (aka Wall Street Journal): WSJ: Vietnam Offers Plan to Help Farmers Do you think Vietnam should continue its focus on exporting farm products? Or should more effort be spent on growing one of its most valuable assets: the people? If so, how do we make the switch? … [Read more...] about Stimulus Package for Vietnam Farmers?
World Bank Reviews Economic Outlook of Vietnam
There is no doubt that Vietnam, like many other East Asian and Pacific countries, is facing difficult times with the current global slowdown. Vietnam's growing openness to world markets has left it more vulnerable to plunging commodity prices, declining global trade, and tightening of capital markets. The latest East Asia and Pacific Update by the World Bank, however, paints … [Read more...] about World Bank Reviews Economic Outlook of Vietnam